Soho House Stock Jumps. It’s Going Private—and Ashton Kutcher Will Join the Board.

Soho House operates membership clubs around the world. (Soho Beach House)

Shares of Soho House & Co. jumped Monday after the global membership club announced it had reached a series of agreements to be taken private.

Hotel owner-operator MCR Hotels will pay $9 a share in the deal, which values Soho House at around $2.7 billion. Soho House Executive Chairman Ron Burkle and the Yucaipa Companies will roll their controlling equity interests in the company and retain majority control of the business. Other significant shareholders like Goldman Sachs Alternatives also will roll the majority of their shares of common stock.

Created with Highcharts 9.0.1Soho House & Co. Source: FactSetAs of Aug. 18

Created with Highcharts 9.0.1Sept. 2024'254.505.005.506.006.507.007.508.008.50$9.00

Soho House stock was climbing 16% to $8.86 in premarket trading Monday. It closed Friday at $7.64.

Funds managed by affiliates of Apollo Global Management are providing capital through debt and common equity. And an investment consortium led by actor and technology investor Ashton Kutcher also is providing new equity capital. Kutcher will join the Soho House board upon completion of the transaction.

Write to Nate Wolf at nate.wolf@barrons.com